BTCUSD Possible Scenarios Martin Trend Line BITMEX Signal
This is a better picture of the short term idk why i had it so zoomed out, still figuring TV out.
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Short to 6400, stops at 6650.
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Major support line broke pretty hard, definitely think we will see another push to retest it and probably blow through it to 5800.
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Plus the Red candles from the martin trendline indicator really show bearishness. While Rsi is under a strong down trend in the large time frames with the OBV rising signaling a confirmation that price is going down.
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I should say 6350 for the price target but i like to be conservative. but indications are thats where it should go back to and pause for at least a moment, whatever direction it moves in the short time after is probably where it will keep moving.
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As far as i can tell, all upward movement in price hasn't had any volume to back it. Very prevalent on lower time frames, its only a matter of time before it translates into the longer timeframes.
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Still under that big triangle
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If we dont move down soon, we are probably gonna see a short bull run.
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here we go
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Looking for possible long-term double bottom at 6039. Be careful trading it though, if we get a really strong V bounce at 6039 id say we're bullish again, if not id say its a much longer term triple bottom.
